Omri Casspi's Swish Ventures Raises $250 Million Third Fund

Omri Casspi announced Thursday that his venture capital firm, Swish Ventures, has raised $250 million for its third fund. This latest round brings the firm's total funding to $800 million since its inception in early 2025.

The new capital will target approximately 12 early-stage high-tech companies, primarily at the seed or Series A stages, with average investments of $20 million. Swish Ventures will focus on cybersecurity, technology infrastructure, Physical AI, defense, government technology, and AI for industrial applications.

The third fund received backing from Sequoia Capital, U.S. pension funds, American universities, and family offices. Since its founding, the firm has built a portfolio with a combined valuation exceeding $60 billion, including eight unicorn companies among its 20 portfolio holdings.